Wed, 24 June 2020 |
Hotels in Asia Pacific Report May 2020 Decrease
in ADR, OR and RevPAR
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According to data from STR, the Asia Pacific hotel
industry continued to report monthly lows in the three key
performance metrics for May 2020.
In U.S. dollar constant currency, May 2020 vs. May
2019, OR was down -47.3% to 35.8%, ADR decreased -40.2% to
US$55.93 and RevPAR plummeted -68.5% to US$20.04.
The absolute levels in each of the three KPIs were
the lowest for any May on record in the region, but were up from
April levels.
In local currency, May 2020 vs. May 2019, hotels
in mainland China reported a decrease in OR of -33.7% to 45.2%, ADR
was down
-24.5% to CNY342.78 and RevPAR fell -50% to CNY155.03.
Each
of the three key performance metrics were up from April, but ADR
remained the lowest for any May on record in the country.
Occupancy and RevPAR were the lowest since the SARS outbreak in
2003.
In local currency, May 2020 vs. May 2019, hotels
in Singapore reported an -8.8% decline in OR to 71.5%,
ADR fell -62.5% to SGD95.44 and RevPAR dropped -65.8% to SGD68.20.
Even though Singapore maintained the world’s highest occupancy
level, its absolute ADR was the lowest for any month in the
country’s database. As a result of lower room rates, the RevPAR
level was the lowest for any May since 2003.
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